2023 NGN to UYU Historical Review

YEARLY HIGH

0.0894 UYU

YEARLY LOW

0.0435 UYU

YEARLY AVERAGE

0.0657 UYU

2023 NGN to UYU Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to UYU exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0894. Conversely, the yearly low was recorded on December 28, dropping to 0.0435.

This high-to-low spread represents a total annual volatility of 0.0459 UYU. From a start-to-finish perspective, comparing the January average rate of 0.0869 to the December average rate of 0.0486, the exchange rate registered a net change of -44.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0894 was down 17.74% compared to the 2022 peak of 0.1087, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 89,388 UYU

2022 Average 97,333 UYU

Yearly Trough Low 43,497 UYU

Transaction Impact: A difference of 45,890.75 UYU purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0907

0.0448

JanuMarcMayJulySeptNove

NGN to UYU Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0821, compared to 0.0493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0328 points.

H1 Avg (Jan–Jun) 0.0821

H2 Avg (Jul–Dec) 0.0493

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0385 UYU (High: 0.0844 / Low: 0.0459). On the other end, May was the most stable month, with a tight range of 0.0009 UYU (High: 0.0848 / Low: 0.0839).

June Spread (Volatile) ±0.0385

May Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0190 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0190

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0869) against the same month in 2022 (average: 0.1076), the exchange rate shifted by -0.0207 (-19.28%).

2023 Avg (January) 0.0869

2022 Avg (January) 0.1076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0894	0.0839	0.0869
February	0.0863	0.0838	0.0849
March	0.0860	0.0842	0.0850
April	0.0847	0.0833	0.0841
May	0.0848	0.0839	0.0843
June	0.0844	0.0459	0.0677
July	0.0496	0.0477	0.0487
August	0.0507	0.0485	0.0493
September	0.0511	0.0481	0.0491
October	0.0522	0.0451	0.0507
November	0.0513	0.0480	0.0495
December	0.0516	0.0435	0.0486